Apollo Tyres & research partner obtain ENR patent
A patent has been granted in India for a special grade of epoxidised natural rubber (ENR) jointly developed by the research and development team at Apollo Tyres and the Rubber Research Institute of India. The tyre rubber compound was granted patent no. 287630 by the Government of India’s Patent Office on 21 September.
Continue ReadingMichelin: Hydrogen ‘ticks all the boxes’ for sustainable mobility
A priority at the COP 23 climate change conference now being held in Germany is to emphasise the importance of reducing greenhouse gas emissions. Transport, which is responsible for 23 per cent of worldwide CO2 emissions, is at the forefront of concerns. Electromobility is generously served up as an elixir on occasions such as this, however battery driven electric cars remain a niche market. An alternate form of electric propulsion, one that many in the UK first saw when James May tested the Honda FCX Clarity on Top Gear back in 2008, may hold the key to the door of high volume uptake. This is hydrogen fuel cell, a technology that tyre maker Michelin actively supports.
Continue ReadingKwik Fit lands Lex Autolease’s top award for service
Lex Autolease, the UK’s leading vehicle management and fleet leasing company, named Kwik Fit its Service Provider of the Year at its recent annual Supplier Conference. The honour comes as the two companies celebrate a 20-year sole supply arrangement.
Continue ReadingHankook Tire: Sales up 10% in Q3 2017
Increased sales of winter and ultra-high-performance tyres in Europe are credited with helping drive revenue at Hankook Tire up 10.1 per cent year-on-year in the third quarter of 2017.
Continue ReadingSilanes market worth $1.48 billion last year
The global silanes market was valued at US$1.48 billion in 2016, states Research and Markets in its new report, ‘Silane Market Analysis By Product, And By Region and Segment Forecast, 2014 – 2025’. Projections are for the market to achieve CAGR of 4.3 per cent from 2017 to 2025 owing to the rising global demand for the product in paints and coatings, and it is expected to reach $2.15 billion by 2025.
Continue ReadingOsram and Continental planning intelligent lighting JV
Osram and Continental are set to establish an intelligent lighting joint venture. The global joint venture will operate under the name Osram Continental GmbH and have its registered office in the Munich region. Osram and Continental will each have a 50 per cent stake in the joint venture. The aim is to generate annual sales in the mid-triple-digit-million-euro range with a workforce of around 1,500 employees and 17 locations worldwide.
Continue ReadingPirelli reports high value segment growth
Strengthening of its ‘high value segment’ in the nine months to 30 September 2017 has helped Pirelli to increase its turnover by 9.0 per cent over this period, to 4.04 billion euros. High value segment turnover rose 13.0 per cent year-on-year to 2.34 billion euros; sales of ‘standard’ tyres only rose 4.0 per cent, to 1.69 billion euros. The 6.7 per cent turnover growth achieved in Europe was below average; only the Russia/CIS and Middle East/Africa regions showed weaker development.
Continue ReadingPirelli, MV Agusta mark new OE partnership agreement with limited Brutale 800 RR
Continuing decades of collaboration, MV Agusta has selected Pirelli as sole tyre supplier, marking the occasion with a limited edition Brutale 800 RR that can be enhanced with exclusive coloured tyres. The Brutale 800 RR Pirelli was created by MV Agusta alongside Pirelli Design, the Bicocca laboratory specialising in collaborative design projects. The new model will be displayed on the MV Agusta stand at EICMA (9-12 November 2017 at Rho Fiera, Milan, Pavilion 22, Stand I48).
Continue ReadingFootball: Continental signs up for 5 more years with Bundesliga club Hannover 96
Continental has extended its relationship with German Bundesliga football club Hannover 96 through the signing of a new sponsorship agreement. The new contract covers a five-year period, beginning in the 2018/19 season, and includes television and in-stadium advertising slots. A further aspect of the new contract is Continental Reifen Deutschland GmbH’s support of the new Hannover 96 junior academy that opened in summer and serves as a training facility and home ground for the club’s U11 to U23 clubs.
Continue ReadingMarco Polo to hold 63% Pirelli share following greenshoe option
Pirelli shares that J.P. Morgan Securities plc has partially exercised a greenshoe option in which 18,904,836 shares, an amount equal to around 1.9 per cent of Pirelli’s share capital, were purchased out of a total of 50,000,000 option shares. Upon completion, Marco Polo International Italy S.p.A. will hold 631,095,164 Pirelli ordinary shares, and therefore a 63 per cent share in Pirelli.
Continue ReadingGiti wins Renault Group OE fitments
Giti Tire has won three Renault Group homologations. Its GitiSynergyE1, in size 185/65 R15 88H, will be fitted as original equipment on the Dacia Sandero, Logan and MCV which are available in every major market throughout Europe. The news follows Giti’s inaugural European placement with the Volkswagen Group.
Continue ReadingApollo Tyres: Margins under pressure in July-September quarter
Higher sales didn’t lead to higher profits for Apollo Tyres in the first half of its current financial year. In the six months to 30 September, the tyre maker’s revenue rose 5.0 per cent to Rs 66.8 billion (£784.1 million) and operating profit stood at Rs 6.7 billion (£78.6 million). Net profit, at Rs 2.3 billion (£27.0 million), was down 59.1 per cent from the first half of the previous financial year.
Continue ReadingTrelleborg acquires tyre operation in Germany
Through its Trelleborg Wheel Systems business, Sweden’s Trelleborg AB has acquired German earthmover tyre specialist White Baumaschinenreifen GmbH. The transaction was consolidated yesterday.
Continue ReadingBridgestone’s sale of Speedco finalised
US-based truck service and tyre care chain Speedco now has a new owner following the finalisation of its acquisition by Love’s Travel Stops & Country Stores. Previously owned by Bridgestone Americas, the Speedco network contains more than 52 outlets across the USA; its acquisition means the number of Love’s-operated tyre service and lube facilities climbs to more than 320.
Continue ReadingBridgestone: £859 million invested in share acquisition so far
Last month, Bridgestone Corporation acquired 1.976 million of its common shares. The company reports that the acquisition of these shares cost more than 10.56 billion yen (£70.4 million).
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